Stem (NYSE:STEM) Price Target Raised to $0.40 at Roth Mkm

Stem (NYSE:STEM) had its target price hoisted by Roth Mkm from $0.35 to $0.40 in a report issued on Wednesday morning,Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

STEM has been the subject of several other research reports. Piper Sandler dropped their price objective on Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research note on Friday, November 22nd. BMO Capital Markets lowered their price target on Stem from $0.50 to $0.40 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, UBS Group decreased their price objective on Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Stem presently has an average rating of “Hold” and a consensus target price of $1.11.

Stem Stock Performance

NYSE:STEM opened at $0.44 on Wednesday. The firm has a market capitalization of $72.10 million, a price-to-earnings ratio of -0.09 and a beta of 1.49. Stem has a 52-week low of $0.30 and a 52-week high of $2.28. The stock has a fifty day moving average of $0.65 and a 200 day moving average of $0.51.

Stem (NYSE:STEM) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $55.83 million during the quarter, compared to analyst estimates of $47.89 million. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. During the same quarter last year, the company earned ($0.21) earnings per share. Equities analysts forecast that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STEM. Virtu Financial LLC purchased a new position in Stem during the 3rd quarter valued at about $25,000. Aries Wealth Management increased its holdings in Stem by 100.0% during the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after purchasing an additional 25,000 shares during the period. Creative Planning increased its holdings in Stem by 177.1% during the 3rd quarter. Creative Planning now owns 123,521 shares of the company’s stock valued at $43,000 after purchasing an additional 78,940 shares during the period. Balyasny Asset Management L.P. increased its holdings in Stem by 569.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company’s stock valued at $73,000 after purchasing an additional 103,254 shares during the period. Finally, Barclays PLC increased its holdings in Stem by 213.1% during the 3rd quarter. Barclays PLC now owns 235,336 shares of the company’s stock valued at $81,000 after purchasing an additional 160,165 shares during the period. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Stem Company Profile

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.